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Given the current business landscape, there is tremendous application potential for blockchain technology to streamline exchange and cultivate collaboration between trade partners. The retail apparel industry is well-positioned to utilize blockchain, especially where IoT infrastructure and serialized data systems are already in place. Successful implementation of a blockchain-based solution for supply chain is dependent on each stakeholder’s ability to identify products and capture information
related to those products. Therefore, serialized systems, like RFID or other solutions that are capable of capturing item-level information, are the foundational data sources for a blockchain solution—the more granular the product information is, the more
valuable the blockchain application can be. However, use of blockchain technology in retail apparel today is limited, given that insufficient exploration has yet to prove out the potential of this technology.
The RFID Lab at Auburn University has assembled this Position Paper to review the business value of blockchain for:
- Supply Chain Stakeholders
- Brand Owners
- Logistic Providers
- Solution Providers
Simply complete the form to receive your copy of Why Retail is Ready for Blockchain.